Global InformationEconomy of Brisbane information
 Skylines of Brisbane CBD from Kangaroo Point, Queensland | |
| Currency | Australian Dollar (A$ or AUD) |
|---|---|
Fiscal year | 1 July - 30 June |
| Statistics | |
| GDP | 177 billion (2017-18)[1] |
GDP growth | 3.3% (2017-18)[2] |
GDP per capita | $67,300 (2015-16)[3] |
Inflation (CPI) | 1.5% (annual from March Qtr 2019)[4] |
| Unemployment | 5.5% (December 2018)[5] |
Main industries | Health care, professional services, retail trade, tourism, education |
The economy of Brisbane consists mainly of several industries, including health care, professional services and retail trade. It holds a population of over 2.4 million people in broader urban centres and localities, with a mean age of 35 years.[6] Brisbane's Gross Domestic Product was $170.5 billion in 2017–18, contributing to around half of Queensland's overall economy and 9.4% of national gross domestic product.[7]
Major export categories for the economy include tourism ($7.1 billion, year to September 2018), education ($3.8 billion, 2014) and goods exports through the Brisbane Airport and Port of Brisbane ($16.1 billion, 2017–18).[8] The cyclical downturn of the 2000s mining boom has led to investments being directed towards other industry sectors, with a projected $15 billion infrastructure boom during the early 2020s. Projects include the Cross River Rail project, with the Palaszczuk government expected to fund approximately half of the operation.[9]
The Greater Brisbane region expands over 15,826 square kilometres, covering 8 local government areas and is notable for its 344-kilometre (214 mi) Brisbane River.[10] It is the third largest city in Australia.
Categorised as a global city, Brisbane is among Asia-Pacific cities with largest GDPs and is one of the major business hubs in Australia, with strengths in mining, banking, insurance, transportation, information technology, real estate and food.[11]
Some of the largest companies headquartered in Brisbane, all among Australia's largest, include Suncorp Group, Virgin Australia, Aurizon, Bank of Queensland, Flight Centre, CUA, Sunsuper, QSuper, Domino's Pizza Enterprises, Star Entertainment Group, ALS, TechnologyOne, NEXTDC, Super Retail Group, New Hope Coal, Jumbo Interactive, National Storage, Collins Foods and Boeing Australia.[12] Most major Australian companies, as well as numerous international companies, have contact offices in Brisbane.
Tourism is an important part of the Brisbane economy, both in its own right and as a gateway to other areas of Queensland,[13] as international education, with over 95,000 international students enrolled in universities and other tertiary education institutions in the central Brisbane City Council local government area alone in 2018.[14]
- ^ SGS Economics and Planning. "2018 GDP report: Gap in economic growth between cities and regions starting to close". www.sgsep.com.au. Archived from the original on 6 March 2019. Retrieved 24 May 2019.
- ^ SGS Economics & Planning. "2018 GDP report: Gap in economic growth between cities and regions starting to close - SGS Economics & Planning". www.sgsep.com.au. Archived from the original on 6 March 2019. Retrieved 24 May 2019.
- ^ SGS Economics & Planning (7 December 2021). "Brisbane GDP 2015-2016 - SGS Economics & Planning". www.sgsep.com.au. Archived from the original on 28 March 2019. Retrieved 10 June 2019.
- ^ Queensland Government Statistician's Office, Queensland Treasury. "Consumer Price Index: All groups, Brisbane and weighted average of eight capital cities, quarterly, March 1999 to March 2019". www.qgso.qld.gov.au. Archived from the original on 4 June 2019. Retrieved 10 June 2019.
- ^ Brisbane City Council. "Brisbane's key economic facts". www.brisbane.qld.gov.au. Archived from the original on 22 May 2019. Retrieved 24 May 2019.
- ^ Australian Bureau of Statistics. (2016). 2016 Census QuickStats. Retrieved from https://quickstats.censusdata.abs.gov.au/census_services/getproduct/census/2016/quickstat/3GBRI?opendocument Archived 30 May 2019 at the Wayback Machine. Accessed 1 May 2019.
- ^ SGS Economics & Planning. (November 2018). 2018 GDP report: Gap in economic growth between cities and regions starting to close. Retrieved from https://www.sgsep.com.au/news/latest-news/2018-gdp-report-gap-growth-closing-between-cities-and-regions Archived 6 March 2019 at the Wayback Machine. Accessed 10 May 2019.
- ^ Brisbane City Council. (2019). Brisbane's key economic facts. Retrieved from https://www.brisbane.qld.gov.au/about-council/governance-and-strategy/business-in-brisbane/growing-brisbanes-economy/brisbanes-key-economic-facts Archived 31 May 2019 at the Wayback Machine. Accessed 6 May 2019.
- ^ Ludlow, M. (30 August 2018). Australian Financial Review. Infrastructure boom hits Brisbane. Retrieved from https://www.afr.com/news/politics/infrastructure-boom-hits-brisbane-20180830-h14pqn Archived 31 May 2019 at the Wayback Machine. Accessed 14 May 2019.
- ^ Australian Government, Department of Agriculture and Water Resources. (25 January 2019). Retrieved from http://www.agriculture.gov.au/abares/research-topics/aboutmyregion/greater-brisbane#agricultural-sector Archived 21 May 2019 at the Wayback Machine. Accessed 13 May 2019.
- ^ "Brisbane business visitor numbers skyrocket". Brisbane Marketing Convention Bureau. e-Travel Blackboard. 3 January 2008. Archived from the original on 20 January 2011. Retrieved 13 January 2008.
- ^ "Brisbane Top Companies". Business News Australia. 11 October 2019. Archived from the original on 22 October 2019. Retrieved 19 April 2020.
- ^ Department of Tourism, Regional Development and Industry (14 December 2007). "Brisbane's business visitors drive $412 million domestic tourism increase". Brisbane Marketing. Archived from the original on 9 May 2008. Retrieved 29 December 2007.
- ^ "We're sorry, this page no longer exists - Choose Brisbane". Archived from the original on 24 December 2019. Retrieved 2 May 2020.